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For an easy-to-read introduction to FP7 in 21 languages, see the brochure, "FP7 - tomorrow's answers
start today", on Understanding the Seventh Framework Programme

 

FP7 was the European Union's Research and Innovation
funding programme for 2007-2013.
The current programme is Horizon 2020
but there are many projects funded under FP7 which are still running.



Frequently Asked Questions about FP7

Back to results/list of all FAQs

Q: Are coordinators financially responsible for all partners? (All Calls)
A: In FP7 there is no more financial collective responsibility as there was in FP6. The financial responsibility of each beneficiary shall be limited to its own debt, subject to the provisions of Annex II to the Grant Agreement, Article II.19 "Guarantee Fund". The Guarantee Fund was established in order to manage the risk associated with non-recovery of sums due to the EU by beneficiaries of grant agreements under FP7. The contribution of the beneficiaries to the fund – 5% of the total contribution of the EU - is transferred to the Guarantee Fund by the REA on their behalf. The amount, deducted from the pre-financing is clearly stated in the core Grant Agreement. In principle, after the final payment is made at the end of the project, the amount contributed to the Fund under the Grant Agreement shall be returned to the beneficiaries via the coordinator.
Category : Marie Curie Actions (FP7) ( ITN (Initial Training Networks) ) , FP7 (Seventh Framework Programme) ( ITN (Initial Training Networks) ) , ITN (Initial Training Networks) ( Financial Aspects )
 

 

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